Howard Marks - Oaktree Capital Management 13F Activity & Position Changes (Q1 2014)

As of Mar 31, 2014, the Oaktree Capital Management portfolio activity showed several notable changes in holdings, according to the latest SEC 13F filing reported on May 15, 2026. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.

During Q1 2014, the filing reported:

New Buys - Telecom Argentina SA

Increases - Ambev S.A., Bank of America, Cemex, S.A.B. de C.V. Sponsored, NetApp, Inc., Petroleo Brasileiro S.A.- Petro, and 3 more

Reductions - MGIC Investment Corporation

Complete Exits - Baidu, Inc., Buenaventura Mining Company Inc, Altria Group, Inc., Preformed Line Products Company, Container Store (The), and 1 more

These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.

Date	Symbol	Name	Type	Change Qty	% Change	Value	Remaining
Q1 2014	ABEV Ambev S.A.	Ambev S.A.	Buy	+644,240	+32.1%	$19.64K	2,650,005
Q1 2014	BAC.PRN Bank of America	Bank of America	Buy	+1,000	+6.3%	$19.25K	16,800
Q1 2014	BIDU Baidu, Inc.	Baidu, Inc.	Sell - Position Exit	-137,097	-100.0%	$0.00	-
Q1 2014	BVN Buenaventura Mining Company Inc	Buenaventura Mining Company Inc	Sell - Position Exit	-1,185,858	-100.0%	$0.00	-
Q1 2014	CX Cemex, S.A.B. de C.V. Sponsored	Cemex, S.A.B. de C.V. Sponsored	Buy	+553,282	+31.6%	$29.11K	2,304,945
Q1 2014	MO Altria Group, Inc.	Altria Group, Inc.	Sell - Position Exit	-288,000	-100.0%	$0.00	-
Q1 2014	MTG MGIC Investment Corporation	MGIC Investment Corporation	Sell	-600,000	-5.0%	$97.13K	11,400,000
Q1 2014	NTAP NetApp, Inc.	NetApp, Inc.	Buy	+120,000	+32.4%	$18.08K	490,000
Q1 2014	PBR Petroleo Brasileiro S.A.- Petro	Petroleo Brasileiro S.A.- Petro	Buy	+857,614	+27.5%	$52.36K	3,981,791
Q1 2014	PLPC Preformed Line Products Company	Preformed Line Products Company	Sell - Position Exit	-53,691	-100.0%	$0.00	-
Q1 2014	TCS Container Store (The)	Container Store (The)	Sell - Position Exit	-557,565	-100.0%	$0.00	-
Q1 2014	TEO Telecom Argentina SA	Telecom Argentina SA	Buy - Position Entry	+324,973	-	$6.20K	324,973
Q1 2014	TKC Turkcell Iletisim Hizmetleri AS	Turkcell Iletisim Hizmetleri AS	Sell - Position Exit	-696,116	-100.0%	$0.00	-
Q1 2014	TSM Taiwan Semiconductor Manufactur	Taiwan Semiconductor Manufactur	Buy	+575,744	+26.7%	$54.78K	2,736,084
Q1 2014	TV Grupo Televisa S.A.B.	Grupo Televisa S.A.B.	Buy	+200,151	+32.1%	$27.41K	823,510
Q1 2014	WFC-L Wells Fargo	Wells Fargo	Buy	+5,560	+44.7%	$21.06K	18,000